HMRC have issued a warning to taxpayers to be vigilant of tax agents offering to secure Stamp Duty Land Tax (SDLT) repayments on certain property purchases.
SME Tax News
The Chartered Institute of Taxation (CIOT) has announced that HMRC intend to run a digital campaign aimed at highlighting problems with private use adjustments in respect of business expenses reported via Self Assessment returns.
Missed our SME Tax Updates in June? Here is a summary of the month.
Hello,
It has been another busy week in tax, with news of HMRC cutting back on Corporation Tax letters, an update on the recovery of Winter Fuel Payments through the tax system and more AI hallucinations. This time, three made-up cases were cited by a taxpayer before the Upper Tribunal, due to the use of AI.
As part of HMRC's efforts to improve its services by sending and receiving taxpayer information digitally, they are no longer sending CT208 Corporation Tax reminder letters on a trial basis.
HMRC have published 'Capital Gains Tax statistics' which show that despite the halving of the annual tax-free allowance from £12,300 to £6,000, the tax take fell by 18% in 2023-24.
In Millennium Cash & Carry Ltd v HMRC [2025] TC09583, the First Tier Tribunal (FTT) found that a company could retain Soft Drinks Industry Levy (SDIL) credits it had claimed, despite not being entitled to them. HMRC had no free-standing power to assess or withdraw credits claimed in periods in which there was no SDIL due.
In Abbotsford Property Group Limited & Anor v Revenue Scotland [2025] FTSTC 9, the First Tier Tribunal (FTT) for Scotland upheld assessments and penalty notices for Land and Buildings Transaction Tax (LBTT) due to the carelessness of the tax adviser, both in providing inaccurate advice and failing to disclose in a timely way.
In HMRC v Marc Gunnarsson [2025] UKUT 247 (TCC), the Upper Tribunal (UT) found that Self-Employment Income Support Scheme (SEISS) claims by a director of a limited company were incorrect. He was required to repay the amounts claimed.
In Mark Campbell v HMRC [2025] TC09585, the First Tier Tribunal (FTT) accepted a taxpayer's claim to Private Residence Relief (PRR) on the disposal of multiple properties under the job-related accommodation rules, whilst living in his parents' home.
